Financial Accounting  and Reporting 

Financial Accounting and Reporting (FAR) IFRS

Our FAR tuition is extremely exam focused and once a technical subject has been taught, we will develop your exam technique by teaching you the most effective way to answer each type of FAR exam question (the four FAR questions are very different from one another, so we have devised the optimal exam strategy for each).

 

The learning strategies and exam techniques you will be taught are those which enabled Kieran to score 88% and win a prize from the ICAEW. This tuition approach has resulted in several of our students also winning prizes.

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Kieran helped me get from 19% to 70% in FAR! I attended Kieran's Saturday classes and was really impressed with the amount of support included in the course. The course is structured in a really helpful way - all content is thoroughly explained in his videos, the notes are great to help structure your revision and the online classes focus purely on question practice and technique. I would highly recommend ACA Masters. Thanks again Kieran!

Annabelle

(FAR resit student who passed first time with us)

Tuition Options

To get you through your FAR exam, we offer:

Video Tuition

Live Tuition

Study Materials

One-to-One Tuition

 

FAR Video Course

(applicable for exams in 2021 and 2022)

Our prize-winning Senior ACA Tutor Kieran Doe has recorded our FAR video course. ​Each class focuses on a frequently examined topic and explains the key technical concepts in a simplified way, before demonstrating the optimal exam technique by working through recent past exam questions in full. Kieran will teach you the most efficient way to read, interpret and analyse the exam paper and most importantly, the specific technique you should use when typing your answer. This includes practical advice on how to make effective use of your open book when answering questions.

Having understood the technical content and exactly how you should be approaching a particular type of FAR exam question, you can then go and attempt similar past exam questions to put these prize-winning exam technique skills to the test and watch your marks drastically improve - hopefully you will join our growing list of prize winners! Our FAR Master Plan (see below) categorises all the past exam questions by topic to make it easy for you to practice similar questions after each class. This enables you to conquer FAR by mastering one area at a time.

The course is structured so that it covers each examinable area and each type of FAR exam question. The course also includes revision classes from Certificate Level Accounting for those who need a refresher on the brought forward content.

You can watch the course introduction and the first class below. 

 

The course structure is as follows:

Single Entity Financial Statements

  1. Assets ('Explain' Questions)

  2. Revenue and Grants ('Explain' Questions)

  3. Provisions ('Explain' Questions)

  4. Equity and Financial Instruments ('Explain' Questions)

  5. EPS

  6. Leases ('Explain' Questions)

  7. Foreign Currency Transactions ('Explain' Questions)

  8. Single Entity Financial Statement Preparation Questions (with OCI)

  9. Single Entity Financial Statement Preparation Questions (with SOCE)

  10. Single Entity Financial Statement Preparation Questions (with Disclosure Note)

Groups

  1. Basics

  2. SFP Questions (no Associate or JV)

  3. P&L and SOCE Questions (no Associate or JV)

  4. P&L and SFP Extract Questions (no Associate or JV)

  5. Subsidiary Disposal

  6. Associates and Joint Ventures (JV)

  7. SFP Questions (with Associate or JV)

  8. P&L and SOCE Questions (with Associate or JV)

Cash Flow Statements

  1. Basics

  2. Group Cash Flow Questions 1 (Full Cash Flow)

  3. Group Cash Flow Questions 2 (Revised Cash Flow and Extracts)

Other

  1. Conceptual Framework, UK GAAP and Ethics 

Accounting Revision

  1. Accounting Basics – part 1 (Statements; Double Entry; Ledgers; Sales and Purchases)

  2. Accounting Basics – part 2 (Accruals)

  3. Cost of Sales and Inventories

  4. Assets

  5. Bad Debt and Provisions

  6. Tax

  7. Equity and Loans

  8. P&L and SFP: Single entity 1

  9. P&L and SFP: Single entity 2

  10. Cash Flow Statement: Single entity 1

  11. Cash Flow Statement: Single entity 2

 

You can watch the course introduction and the first class for free below. ​You can purchase other classes for £20 by clicking on the 'Rent' icon below. You can then watch the class as many times as you need to ensure that you have understood the technical principles and mastered the exam techniques taught during the class. You can stream the classes directly below and view them on any device which has internet connection within the 72 hour viewing period. If you require access for longer than 72 hours, we suggest that you opt for the Full Course Offer - see below for details.

Full Course Offer

You can subscribe to all of the classes for £250 and enjoy a viewing period of 6 months. Just click here to purchase.

 

Once payment has been made, you can view the full course here. 

 

Please note that our study materials are sold separately - see below. 

FAR Live Course

Our FAR course comprises six classes with each class focussing on a set of frequently examined topic areas. Prior to each class, you will watch a video which explains the key technical concepts in a simplified way, before demonstrating the optimal exam technique by working through recent past exam questions. During the live class, your tutor will work through other recent exam questions and you will have the opportunity to ask or type questions throughout. 

The live tuition classes are entirely exam focused and we will work exclusively with past paper questions from recent exams to ensure that you get up to the required standard as soon as possible.

Our FAR Master Plan categorises all the past exam questions by topic, so that after each class you can go and practice your newly acquired exam technique skills on similar questions and watch your marks drastically improve (hopefully you will join our growing list of prize winners!)

 

You will also be coached on how to study effectively, how to structure your revision and be guided as to what you need to do to pass the ACA exams with top marks.

The course is structured as follows:

1. Assets, Revenue and 'Explain Accounting Treatment' Exam Questions

2. Provisions, Financial Instruments, Leases and 'Explain Accounting Treatment' Exam Questions

3. Tax, Smaller Topics and 'Single Entity Financial Statement Preparation' Exam Questions

4. Groups 1

5. Groups 2 and Cash Flow Statements

6. Mixed Topic Questions

Tuition Fees

There are two payment options for the FAR classroom course.

Option 1: Pay As You Go

Tuition fees are £120 per class.

Option 2: Full Course

For students who wish to attend all 6 classes, the full cost of the course is £590.

The full course includes:

- Access to our FAR video classes which are used as a preparatory and revision resource (see above).

- Access to our Accounting video classes as most need a refresher on the brought forward content.

- Our FAR Learning Notes: easy-to-use summary of examinable content (see below).

- Our FAR Master Plan: a detailed step-by-step study plan (see below).

​Please contact us here for availability and course dates.

Tuition is held online. Online tuition operates in exactly the same way as face-to-face tuition. Our online classroom uses video conferencing (Zoom), screen sharing, electronic ICAEW materials and computer-based assessment software. Many students prefer online tuition as they feel more comfortable asking questions using the chat function and because it saves travel costs and time. Classes are recorded so that you can watch each class as many times as need before your exam. 

 
 

Study Materials

(2021 Version)

Our prize-winning ACA tutor Kieran Doe has developed our unique FAR Study Materials which include learning notes, master plans and exam technique guidance. 

FAR Learning Notes

Our FAR Learning Notes concisely summarise the essential technical knowledge you need to pass the exam. This enables you to focus on the essential content for each topic and then test yourself by reproducing the condensed content on a blank page. This will force you to actively recall the information so that it is embedded in your brain ready to use for exam questions.

The notes include:​​

  • Easy-to-use summarised technical notes for each topic

  • Calculation proformas and reminders of things to include in your answer

A small sample is included at the bottom of this page. 

FAR Master Plan

To ensure that you use your study time as effectively as possible, we have broken the syllabus down into examinable topics so that you can allocate your time to specific examinable topics. For each topic, we have listed the recent past exam questions which examined the topic. There is also a reference to how frequently the topic is examined, the extent to which it is examined and the FAR video class which demonstrates the exact exam technique to use for that type of question.

Exam Technique Guidance

We have included exam technique guidance for each type of FAR question. This contains detailed advice on how you should approach each exam question in order to score top marks.   

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Payment and Delivery

The price for the full package of our FAR study materials is £40. You can purchase using a credit or debit card below. Please note that you do not need a PayPal account as you can check out as a guest. If you wish to use another payment method then please contact us.

Once payment has been received, you will receive the materials via email within 48 hours. Please ensure that you check your junk mail in case your email settings divert our email to junk. 

 

One-to-One Tuition

If you are struggling with a particular area, then one-to-one tuition is also available. We suggest that one-to-one tuition is used to supplement the tuition provided during our live or video classes to address any specific areas where you require intensive support. 

 

Tuition fees are £75 per hour. 

Please contact us here if you wish to book.